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Realistbear

Service Sector Growth Is Faltering

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http://www.ft.com/cms/s/0/bbdfaf50-8dbd-11e0-a0c4-00144feab49a.html

Services sector growth slows in May
By Daniel Pimlott, Economics Reporter
Published: June 3 2011 12:04 | Last updated: June 3 2011 12:04
The private services sector showed decent growth in May although activity slowed slightly over the month in part because of a cluster of bank holidays.
The closely watched purchasing managers’ services index fell slightly to 53.8 in May from 54.2 in April, where a figure above 50 indicates companies are reporting an increase in activity. The pound slipped on the news.

Sterling dropping on bad news is unusual as, so far, it has risen on any old news, good or bad.

With services starting to collapse it looks like the HPC will be gathering a lot of mo' soon. London should get hit hardest when the panic starts.

I am probably buying a year too soon but I am really tired of waiting and the Mrs. has had ee-nuff of renting and moving every few months.

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I am probably buying a year too soon but I am really tired of waiting and the Mrs. has had ee-nuff of renting and moving every few months.

So what's the latest on your purchase, RB?

I thought you'd come to your senses and pulled your offer :unsure:

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Im sure the americans do as well.

No Americans blame the politicians.

I can honestly say I have never heard an American blame the weather for the economy. Unless its a massive disaster like Hurricane Katrina.

But a little snow or too much sun- nah.

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So what's the latest on your purchase, RB?

I thought you'd come to your senses and pulled your offer :unsure:

I pulled out of my first property as a much better deal came up and the first was taking too long. Should be exchanging next week. TBH, its not a great financial move as it has another 20% to go down but I have to take the Mrs into consideration and we sold our last house 8 years ago and have been roaming ever since (mostly due to job moves that could not be avoided) . Nice bungalow in a classy cul de sac with big 4 and 5 BR custom built jobs--ours is a one-off 2 BR bungalow that happened to fit nicely in a corner plot. Easy £289k at the top--offer of £220k accepted.

Edited by Realistbear

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I pulled out of my first property as a much better deal came up and the first was taking too long. Should be exchanging next week. TBH, its not a great financial move as it has another 20% to go down but I have to take the Mrs into consideration and we sold our last house 8 years ago and have been roaming ever since (mostly due to job moves that could not be avoided) . Nice bungalow in a classy cul de sac with big 4 and 5 BR custom built jobs--ours is a one-off 2 BR bungalow that happened to fit nicely in a corner plot. Easy £289k at the top--offer of £220k accepted.

£220k sounds a lot.......used to be £10k per bedroom plus a bit on top not that long ago....What is a classy cul de sac? does it have a special feature that adds value? :unsure:

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  • 284 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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